Pederson Company Reported the Following What Is the Amount of Gross Profit Margin?
A) $1,750,000

Multiple Choice

Pederson Company reported the following: $\begin{array}{ll}\text { Manufacturing costs } & \$ 2,000,000 \\\text { Units manufactured } & 50,000 \\\text { Units sold } & 47,000 \text { units sold for } \$ 75 \text { per unit } \\\text { Beginning inventory } & 0 \text { units }\end{array}$ What is the amount of gross profit margin?

A) $1,750,000
B) $3,525,000
C) $5,405,000
D) $1,645,000